0345 4506120

Accounting Principles 1 - Posting Basic Transactions

Course Details

Name Accounting Principles 1 - Posting Basic Transactions
Description
URL
Location:
London - City
Start Date:
Working Days:
Price:
£989.00 +vat
Availability:
Exam:
Residential:
Course ID:
445404

Overview

The mystery of double entry is key to processing finance related transactions, and is a basic principle used by those with bookkeeping and accounting related responsibilities.  Understanding how transactions are recorded in the accounting books and records is a must for all businesses large or small no matter what sector they operate in. Staff involved in the finance or accounting related functions will benefit from understanding the key principles relating to revenue recording, accruing expenses, depreciating assets and other relevant accounting concepts. This course will illustrate how entries are posted in computerised accounting ledgers and show how sales, purchases and other accounting transactions relate to each other.

WHO SHOULD ATTEND

Personnel working in an accounting or finance area eg. sales and purchase ledgers.  It will enable experienced staff to improve their basic understanding of accounting principles and provide new recruits with useful grounding in key principles needed in the accounting and finance world.

Learning Objectives

Case studies and worked examples will be used to give detailed explanations of how the concepts work, are updated and interact with each other. Delegates will work through examples that reflect realistic everyday transactions they would come across in practice.

Course Content

Day One       

  • Debits and credits
  • Ledger accounting – the advantage of computerised systems
  • The trial balance – preparing for final accounts
  • The profit and loss account – calculating trading profit/loss
  • The balance sheet – preparing the statement of financial position

Day Two    

  • Sales ledger – the difference between cash and credit sales, how debtors are treated, accounted for and controlled
  • Purchase ledger – differentiating between cash and credit purchases, effective control of the business’ creditors
  • Accruals and prepayments – the importance of such adjustments
  • Other adjustments – relevant revisions of profit and loss and balance sheet amounts
  • Fixed assets and depreciation – appropriate policies and how to calculate and account for such amounts

London - TBC

Description:

Please note that this London venue will be confirmed nearer to course commencement. Please contact us should you have any questions.

Location:

TBC
TBC
TBC
TBC
TBC

 

Our Customers Include